This entry was posted on Wednesday, July 16th, 2014 at 6:56 pm and is filed under Rubber News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
Tocom rubber futures settle 0.7% higher on better-than-expected growth data from China and a weaker yen against the U.S. dollar. Trading volumes are low with just about 5,000 lots changing hands, reflecting a lack of interest in a weak market. A Singapore-based trader says Tocom is likely to track Shanghai in the short-term, as Chinese growth is key for rubber markets. Benchmark December settles Y1.4 higher at Y199.4/kg, after moving in a narrow Y197.3-Y199.7/kg range.
Source: Dow Jones